Rupee maintains level for 5th consecutive day amid reshuffle in cabinet

KARACHI: The rupee maintained level against dollar for the fifth consecutive day on Friday amid reshuffle in the federal cabinet.

The rupee ended Rs141.40 to the dollar, the same previous day’s level, in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40.

The market recorded day high of Rs141.40 and low of Rs141.3950 and closed at Rs141.40.

The rupee maintained the level of Rs141.40 to the dollar since April 15, 2019. The rupee also maintained the level despite major reshuffle in the federal cabinet and resignation of the finance minister.

The exchange rate in the open market however ended with depreciation of the local currency.

The buying and selling of dollar of Rs141.80/Rs142.30 from previous day’s closing of Rs141.50/Rs142.00 in cash ready market.

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Rupee maintains level against dollar

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